Southeast Venture has paid $4.25 million for 1.26 acres at the corner of Eighth Avenue South and Division Street, property that includes the home of restaurant and wine bar Flyte.

The property was purchased from principals in office furniture dealer Alfred Williams & Co., which occupies one of the buildings on the property. Flyte and architecture firm Studio 8 Design are tenants in the other building.

When news broke about Southeast Venture’s contract on the site, officials said current tenants at the property, which includes 63 parking spaces, would remain for now.

The site between SoBro and the Gulch has redevelopment potential because of its location and Metro’s plans for the proposed Division Street extension nearby.

Reach Getahn Ward at 615-726-5968 and on Twitter @Getahn.

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